Sign up to save your podcasts
Or
Share The DC Today - Wednesday October 26, 2022
Share to email
Share to Facebook
Share to X
Share to email
Share to Facebook
Share to X
Or
The DC Today - Wednesday October 26, 2022
Today was a mixed bag, where we continue to see varying results from the Dow and the Nasdaq. Some market pundits have dubbed this as value vs. growth or categorized these baskets of equities as a difference in “duration.”
Regardless of how you describe it, we saw some downward pressure resulting from less-than-favorable earnings reports on a handful of large tech companies, and some continued positive momentum from the sectors leading the market on the year (Energy, Healthcare, Consumer Staples, etc.).
Market Action
Dow: +2.37 (0.01%)
S&P: -0.74%
Nasdaq: -2.04%
10-Year Treasury Yield: 4.01% (-9 basis points)
Top-performing sector: Energy (+1.36%)
Bottom-performing sector: Communication Services (-4.75%)
WTI Crude Oil: $88.12/barrel (+3.26%)
Key Economic Points of the Day:
The trade deficit widened in September by 5.7% (from $87.3 billion to $92.2 billion)
There is a lot you could potentially dissect here, but the simplest explanation is that a strong dollar means buyers (exports) can buy less of our goods, and US purchasers (imports) can buy more goods, which expands the deficit – falling exports, rising imports.
New home sales fell month over month (from 677,000 to 603,000), but we were still slightly above the average estimates of 593,000
For perspective here, new home sales peaked in August 2020 at 1.04 million
Although the number of homes sold declined, the average sale price did rise from $436,800 to $470,600 (slightly below the record high of $479,800)
Links mentioned in this episode:
DividendCafe.com
TheBahnsenGroup.com
View all episodes
By The Bahnsen Group
4.9
549549 ratings
Today was a mixed bag, where we continue to see varying results from the Dow and the Nasdaq. Some market pundits have dubbed this as value vs. growth or categorized these baskets of equities as a difference in “duration.”
Regardless of how you describe it, we saw some downward pressure resulting from less-than-favorable earnings reports on a handful of large tech companies, and some continued positive momentum from the sectors leading the market on the year (Energy, Healthcare, Consumer Staples, etc.).
Market Action
Dow: +2.37 (0.01%)
S&P: -0.74%
Nasdaq: -2.04%
10-Year Treasury Yield: 4.01% (-9 basis points)
Top-performing sector: Energy (+1.36%)
Bottom-performing sector: Communication Services (-4.75%)
WTI Crude Oil: $88.12/barrel (+3.26%)
Key Economic Points of the Day:
The trade deficit widened in September by 5.7% (from $87.3 billion to $92.2 billion)
There is a lot you could potentially dissect here, but the simplest explanation is that a strong dollar means buyers (exports) can buy less of our goods, and US purchasers (imports) can buy more goods, which expands the deficit – falling exports, rising imports.
New home sales fell month over month (from 677,000 to 603,000), but we were still slightly above the average estimates of 593,000
For perspective here, new home sales peaked in August 2020 at 1.04 million
Although the number of homes sold declined, the average sale price did rise from $436,800 to $470,600 (slightly below the record high of $479,800)
Links mentioned in this episode:
DividendCafe.com
TheBahnsenGroup.com
More shows like The Dividend Cafe
View all
Breakpoint
3,021 Listeners
The Briefing with Albert Mohler
8,404 Listeners
Thinking in Public with Albert Mohler
1,009 Listeners
The World and Everything In It
7,002 Listeners
Mortification of Spin
832 Listeners
5 Minutes in Church History with Stephen Nichols
1,696 Listeners
National Review's Radio Free California Podcast
687 Listeners
Compelled - Christian Stories & Testimonies
998 Listeners
Conversations That Matter
1,065 Listeners
Simply Put
1,386 Listeners
Life and Books and Everything
629 Listeners
The Strong Women Podcast
611 Listeners
Capital Record
443 Listeners
Doubletake
620 Listeners
Things Unseen with Sinclair B. Ferguson
1,465 Listeners